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 <p>El Salvador’s Freedom Visa for crypto investors is expected to sell out its 1,000 places before the end of the month, according to the country’s National Bitcoin Office (ONBTC).</p>
 <p>A spokesperson from ONBTC told CoinTelegraph that it already has hundreds of inquiries and dozens of online and in-person applications at embassies and consulates.</p>
 <h2 id="1-million-price-tag-for-el-salvador-bitcoin-freedom-visa-fair">$1 Million Price Tag For El Salvador Bitcoin Freedom Visa “Fair”</h2>
 <p>El Salvador announced the visa program earlier this week, saying it is open to those who invest $1 million in BTC or USDT.</p>
 <p>The $1 million price tag met mixed reactions from the crypto community, with some saying the program was uncompetitive.</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">El Salvador offering Visas and citizenship to anyone investing $1million (in USDt or Bitcoin) in the country</p>
  <p>Frankly uncompetitive in the global market (can get EU citizenship for less) so disappointing https://t.co/ALydiMAJRj</p>
  <p>— Alistair Milne (@alistairmilne) December 7, 2023</p>
 </blockquote>
 <p></p>
 <p>The National Bitcoin Office believes the price tag is fair.</p>
 <p>“If anything, in fact, it is actually underpriced,” said the spokesperson. “While there are many citizenship programs available in the world, there is only one Bitcoin country.”</p>
 <p>Despite the price tag, the program will likely appeal to many crypto supporters because of the nation’s friendly legal framework.</p>
 <p>El Salvador gave regulatory approval for its long-awaited Bitcoin bonds on Dec. 12, the world’s first, and said they will launch in Q1 next year. Proceeds from the bond issue will fund the construction of a “Bitcoin City.”</p>
 <p>El Salvador does not impose capital gains taxes on Bitcoin investors and removed taxation for crypto firms operating in the country.</p>
 <h3 id="also-read">Also Read</h3>
 <ul>
  <li>World’s First Bitcoin Bonds Approved For Launch In El Salvador Early Next Year</li>
  <li>Elizabeth Warren Introduces Bill To Crack Down On Crypto’s Illicit Use</li>
  <li>Binance Sees Market Share Plummet By 25% Amid Legal, Regulatory Troubles</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/el-salvador-s-bitcoin-freedom-visa-will-sell-out-before-end-of-2023-officials-say-tbt73571.html">https://thebittimes.com/el-salvador-s-bitcoin-freedom-visa-will-sell-out-before-end-of-2023-officials-say-tbt73571.html</a></p>
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El Salvador’s Bitcoin “Freedom Visa“ Will Sell Out Before End Of 2023, Officials Say

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